BREAKING: OIL halts losses on unexpected rise in inventories🛢️

03:30 PM BST, United States - EIA Data:

• Crude Oil Inventories: actual 7.070M; forecast -1.700M; previous 3.845M;

• Cushing Crude Oil Inventories: actual 0.464M; previous -1.493M;

• Crude Oil Imports: actual -1.358M; previous 2.940M;

• Heating Oil Stockpiles: actual 0.603M; previous -0.202M;

• EIA Weekly Refinery Utilization Rates: actual -0.2% WoW; previous 0.2% WoW;

• EIA Refinery Crude Runs: actual -0.099M WoW; previous 0.118M WoW;

• Distillate Fuel Production: actual 0.059M; previous 0.245M;

• EIA Weekly Distillates Stocks: actual -0.825M; forecast -0.300M; previous -1.710M;

• Gasoline Production: actual 0.278M; previous -0.491M;

• Gasoline Inventories: actual -2.658M; forecast -1.700M; previous 4.188M;